McCain: The average taxpayer in every income group would see a lower tax bill, but high-income taxpayers would benefit more than everyone else.
Obama: High-income taxpayers would pay more in taxes, while everyone else's tax bill would be reduced. Those who benefit the most - in terms of reducing their taxes as a percentage of after-tax income - are in the lowest income groups.
Compare this to the fact that the national debt has grown from $5.674 trillion in 2000 to $9.008 in 2007. Where's the plan to pay off the $3 trillion that we have accumulated in the last 7 years? I guess they'd rather buy more toys than pay the bills.
1 comment:
http://www.heritage.org/Research/Budget/BG1660.cfm
Myth #5
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